Heavy Lift Cargo Companies Merge

Press Release

Thursday, August 16, 2012

Intermarine & Scan-Trans unite to head for a leadership position in project & heavy lift cargo transportation.

Danish Scan-Trans Holding A/S and U.S. based Intermarine, LLC announce a stock transaction. The two companies will create a platform for premier services in project and heavylift cargo transportation worldwide.

The companies will merge their operations under the Intermarine name.

By consolidating the Scan-Trans and Intermarine fleets, the Company will expand its customer coverage with more than 50 multipurpose and heavylift vessels with lifting capacities of up to 800 metric tons. The two companies are a perfect and complementary match for each other with little overlap.

The combination is highly synergistic and allows more than 230 team members, in nearly two dozen offices across the globe, the ability to leverage long histories of outstanding customer service, entrepreneurial cargo solutions and scalable infrastructure and systems.

The companies will merge their operations under the Intermarine name.

"We believe the Company will set the standard for customer service and value in the industry" said Al Stanley, President and CEO of Intermarine. "As the industry consolidates, global breadth and laser focus on customer needs will define the winners."